Nancy Pelosi Unloads 2,900 Apple Shares Right Before WWDC — But There's A Catch

One of the most prolific members of Congress has made a new stock market disclosure and it involves the most valuable company in the world.

What Happened: Congresswoman and former Speaker of the House Nancy Pelosi has disclosed a stock transaction of shares of Apple Inc AAPL. The disclosure comes shortly after the technology giant shared details of new products and updates at its Worldwide Developers Conference (WWDC). 

In a filing released Wednesday, Nancy Pelosi and her husband Paul Pelosi disclosed a transaction of 2,900 shares of Apple valued at between $500,001 and $1 million.

Rather than this transaction being a sale or purchase of Apple stock, it was instead a donation of shares to a college.

Under the description, the text reads “contribution of 2,900 shares held personally to Trinity College.”

Pelosi is an alumni of Trinity College, a private Catholic university in Washington, D.C. The Congresswoman has regularly hosted Trinity students as guests at the U.S. Capitol over the years.

Apple shares traded between $172.11 and $173.85 on May 8, the date of the transaction. This would value the gift of shares at between $499,119 and $504,165. Based on the disclosure of the transaction being between $500,001 and $1 million, the transaction would come in the range of $500,0001 and $504,165 for the 2,900 shares.

Apple shares went on to hit all-time highs of $184.95 on Monday, June 5 before the WWDC.

Related Link: If You Invested $1,000 In SPY Stock When Nancy Pelosi Was Speaker Of The House, Here's How Much You'd Have Now 

Why It’s Important: Apple has been a large holding for the Pelosis, with 100 call options exercised on March 17, 2023. The 10,000 shares were bought at a strike price of $80, on the day the options would have expired. The call options were purchased in May 2022.

Pelosi has been one of the members of Congress who has drawn the most attention from her stock disclosures with her husband Paul, a venture capitalist, and her trades often drawing scrutiny over their timing and potentially based on insider information.

In 2023, Pelosis reported losses from several trades including Roblox Corporation RBLX, Netflix Inc NFLX, The Walt Disney Company DIS and Tesla Inc TSLA.

Pelosi was one of the members of Congress that ranked as a top trader in 2021 based on public disclosures and a report from UnusualWhales. In 2022, Pelosi had a loss on the year in the report from UnusualWhales.

Calls to ban members of Congress and their spouses from trading stocks and options have grown, including the introduction of legislation known as the PELOSI Act. The Pelosis sold shares of Nvidia Corporation NVDA in 2022 after facing public pressure over a potential conflict of interest. 

An ETF that tracks Pelosi’s trades was also recently launched.

Read Next: Nancy Pelosi Sold NVIDIA Early, Here's How Much She Missed In Profits 

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